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Stocks Continue to Slide on Slow Service Industry Growth (Bloomberg)
U.S. stocks have failed to produce a positive day in their first three sessions of the new year, marking the market’s worst start since 2005. Today’s declines were partially due to service industry growth which failed to meet expectations. “Today is just noise back and forth, up a little down a little,” Donald Selkin, the New York-based chief market strategist at National Securities Corp., said. “I think we’re just going to go sideways until we see the Fed’s minutes and the jobs report on Friday.”
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